What is the estimated range for insurance costs before launching my Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
IMATED INITIAL INVESTMENT
| Type of Expenditure (1) | Estimated Low/High Amount | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|
| Initial Franchise Fee (2) | $49,500 | Lump sum | Upon signing the Franchise Agreement | Franchisor |
| Travel and living expenses while training (3) | $2,000/$5,000 | As incurred | As incurred during training | Airlines, hotels, restaurants |
| Equipment and Vehicles (4) | $11,598/$79,434 | As incurred | Before Launch | Franchisor, vendors |
| Online Training with National Roofing | $250 | As incurred | Before Launch | Suppliers |
| Contractors Association | ||||
| GPS Tracking Systems | $150/$400 | As incurred | Before Launch | Vendors |
| Insurance (5) | $2,000/$20,000 | As incurred | Before Launch | Vendors |
| Computer, Phone and Technology | $3,000/$6,000 | Lump sum | At delivery | Suppliers, vendors |
| Systems (6) | ||||
| Professional Fees (7) | $1,000/$5,000 | As incurred | As incurred | Suppliers |
| Office Related Expenses | $500/$1,250 | As incurred | Before Launch | Suppliers |
| Local Software Setup Fee (8) | $0 - $2,000 | As incurred | Before Launch | Suppliers |
| Business Licenses and Permits (9) | $2,000/$10,000 | As incurred | Before Launch | Federal, state and local government agencies |
| Opening Advertising/Marketing (10) | $20,000/$30,000 | As incurred | Varied times | Vendors |
| Advertising/Marketing (Ongoing)(11) | $15,000/$40,000 | As incurred | Varied times | Vendors |
| Additional Funds - 3 months (12) | $65,000 | As incurred | Varied times | Suppliers, utilities |
| TOTAL (13) | $171,998 / $313,834 |
Notes:
- (1) Expenditures. The estimated high and low ranges in the table are based on the past experience of Bumble Predecessor and company owned BUMBLE ROOFING® businesses and our estimate. All fees imposed by us are non-refundable unless otherwise noted. Fees and expenses paid to vendors or other third parties may or may not be refundable depending on the arrangements you make with them. The above chart reflects the estimated costs for a single territory.
- (2) Initial Franchise Fee. For start-up franchises, the above chart assumes you did not qualify for any discounts and paid the standard Initial Franchise Fee. The high end of the range assumes you paid the standard Initial Franchise Fee is due when you sign the Franchise Agreement
and is generally non-refundable once paid. In limited circumstances, we may offer to finance up to 80% of your Initial Franchise Fee.
- (3) Travel and Living Expenses While Training.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–27)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, franchisees must secure insurance coverage before opening their business. The estimated cost for insurance ranges from $2,000 to $20,000, payable as incurred to vendors before launch.
The FDD notes that these costs can vary significantly based on several factors. These include the specific market, the location and size of the Bumble Roofing business, the amount of coverage selected, and the chosen insurance carrier. Franchisees must comply with all state minimums when obtaining insurance.
Bumble Roofing sets minimum insurance requirements for its franchisees. However, the FDD recommends that prospective franchisees seek advice from an independent risk management professional or insurance broker. This consultation will help determine the additional coverage needed for their specific Bumble Roofing business, ensuring comprehensive protection against potential risks.